Bristow Group Inc (VTOL)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.57 | 3.05 | 2.73 | 3.16 | 2.61 | 2.89 | 2.45 | 3.72 | 4.61 | 5.54 | 9.14 | 11.20 | 10.86 | 10.02 | 5.54 | 1.31 | — | — | — | — | |
| Number of days of payables | days | 141.98 | 119.67 | 133.46 | 115.35 | 139.69 | 126.09 | 149.10 | 98.01 | 79.17 | 65.93 | 39.95 | 32.58 | 33.62 | 36.44 | 65.84 | 278.14 | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.57
= 141.98
The number of days of payables for Bristow Group Inc has shown some fluctuations over the past few quarters. As of December 31, 2023, the number of days of payables stood at 141.98 days, indicating that, on average, the company takes approximately 142 days to pay its suppliers. This represents an increase from the previous quarter, where the number of days of payables was 119.67 days.
Looking at the trend over the past few quarters, we can see that Bristow Group Inc's number of days of payables has varied significantly. The company experienced a peak in payables days in March 2020 at 278.14 days, indicating a prolonged payment period, which may have had financial implications on the company's cash flow and relationships with suppliers. Subsequently, there was a substantial decrease in payables days by the second quarter of 2020, suggesting improvements in managing payables.
It is also noteworthy that there are a few quarters where data for the number of days of payables is not available. This could be due to various reasons such as changes in reporting practices or data availability.
Overall, analyzing the number of days of payables provides insights into Bristow Group Inc's payment practices and liquidity management. It is crucial for the company to monitor and manage its payables effectively to maintain healthy relationships with suppliers and optimize its working capital position.